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Tuesday, April 20, 2004
Twilight of Barcodes and the Dawn of RFID - Paul Korzeniowski, eCommerce Times
Consumer packaged goods company Procter & Gamble spends between $50 million and $100 million per year reprocessing orders based on inaccurate shipment information, and RFID could help lower that number. Market research firm IDC predicts RFID spending -- on hardware, software and services -- for the U.S. retail supply chain will grow from $91.5 million in 2003 to nearly $1.3 billion in 2008. Barcodes, those familiar sets of lines on items from DVDs to refrigerators, eventually may go the way of the typewriter, the black-and-white television and the dodo. Radio Frequency Identification (RFID) technology promises to replace bar coding and make it easier for suppliers, distributors and retailers to track individual items.
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